Skip to content
Nonprofiteer
← SANFORD SCHOOL INC

Form 990 for tax year 2022

Filed by SANFORD SCHOOL INC.

Totals

Total revenue
$19,119,359
Total expenses
$20,303,948
Contributions and grants received
$1,046,685
Grants paid
$4,695,556
Program service revenue
$17,662,850
Investment income
$392,152
Other revenue
$17,672
Total assets, end of year
$32,666,091
Total liabilities, end of year
$4,420,634
Net assets or fund balances, end of year
$28,245,457
Program services expenses (Part IX)
$15,845,118
Management and general expenses
$4,105,979
Fundraising expenses
$352,851
Program service expenses (Part III)
$15,845,118

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $60,000

  • 1e · Government grants (contributions)

    $14,582

  • 1f · All other contributions, gifts and grants

    $972,103

  • 1g · Noncash contributions included above

    $31,055

  • 2a · Program service revenue: TUITION REVENUE

    total $16,828,122 · related or exempt $16,828,122

  • 2b · Program service revenue: EXTENDED DAY AND AFTER SCHOOL

    total $224,843 · related or exempt $224,843

  • 2c · Program service revenue: INSTRUCTIONAL FEES

    total $216,300 · related or exempt $216,300

  • 2d · Program service revenue: SUMMER PROGRAMS

    total $208,507 · related or exempt $208,507

  • 2e · Program service revenue: OTHER STUDENT FEES

    total $185,078 · related or exempt $185,078

  • 3 · Investment income

    total $285,293 · excluded $285,293

  • 6a · Gross rents

    real property $14,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $14,500

  • 6d · Net rental income or loss

    total $14,500 · excluded $14,500

  • 7a · Gross sales of assets other than inventory

    securities $1,029,226

  • 7b · Less cost or other basis and sales expenses

    securities $845,107 · other assets $77,260

  • 7c · Gain or loss

    securities $184,119 · other assets -$77,260

  • 7d · Net gain or loss

    total $106,859 · excluded $106,859

  • 10a · Gross sales of inventory

    $43,846

  • 10b · Cost of goods sold

    $40,674

  • 10c · Net income from sales of inventory

    total $3,172 · excluded $3,172

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,695,556 · program services $4,695,556

  • 5 · Compensation of officers, directors and key employees

    total $435,286 · program services $108,822 · management and general $217,642 · fundraising $108,822

  • 7 · Other salaries and wages

    total $7,811,204 · program services $5,586,365 · management and general $2,087,669 · fundraising $137,170

  • 8 · Pension plan contributions

    total $165,212 · program services $113,418 · management and general $47,911 · fundraising $3,883

  • 9 · Other employee benefits

    total $2,300,033 · program services $1,728,467 · management and general $529,484 · fundraising $42,082

  • 10 · Payroll taxes

    total $580,664 · program services $379,297 · management and general $188,907 · fundraising $12,460

  • 11b · Fees: legal

    total $11,670 · management and general $11,670

  • 11c · Fees: accounting

    total $30,000 · management and general $30,000

  • 11f · Fees: investment management

    total $30,074 · management and general $30,074

  • 11g · Fees: other

    total $12,879 · management and general $12,879

  • 12 · Advertising and promotion

    total $60,052 · management and general $60,052

  • 13 · Office expenses

    total $73,733 · management and general $73,733

  • 14 · Information technology

    total $302,180 · program services $260,389 · management and general $29,971 · fundraising $11,820

  • 16 · Occupancy

    total $970,122 · program services $835,954 · management and general $134,168

  • 17 · Travel

    total $77,773 · program services $60,301 · management and general $17,472

  • 20 · Interest

    total $120,396 · program services $103,745 · management and general $16,651

  • 22 · Depreciation, depletion and amortization

    total $1,092,975 · program services $941,817 · management and general $151,158

  • 23 · Insurance

    total $119,902 · program services $103,320 · management and general $16,582

  • 24a · Other expenses: INSTRUCTIONAL MATERIALS

    total $572,457 · program services $572,457

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $241,133 · program services $41,133 · management and general $200,000

  • 24c · Other expenses: ATHLETICS AND PHYSICAL

    total $168,925 · program services $168,925

  • 24d · Other expenses: COMMUNICATIONS, RELATIO

    total $135,779 · management and general $99,165 · fundraising $36,614

  • 24e · All other expenses

    total $295,943 · program services $145,152 · management and general $150,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $900 · end of year $900

  • 2 · Savings and temporary cash investments

    beginning of year $588,050 · end of year $618,451

  • 3 · Pledges and grants receivable

    beginning of year $2,971,714 · end of year $1,479,135

  • 4 · Accounts receivable

    beginning of year $47,636 · end of year $55,499

  • 8 · Inventories for sale or use

    beginning of year $5,000 · end of year $5,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,743 · end of year $70,003

  • 10a · Land, buildings and equipment: cost or other basis

    $34,775,107

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,673,891

  • 10c · Land, buildings and equipment, net

    beginning of year $18,474,781 · end of year $18,101,216

  • 11 · Investments: publicly traded securities

    beginning of year $11,413,485 · end of year $12,301,091

  • 15 · Other assets

    beginning of year $0 · end of year $34,796

  • 17 · Accounts payable and accrued expenses

    beginning of year $949,454 · end of year $1,143,399

  • 19 · Deferred revenue

    beginning of year $1,319,086 · end of year $1,182,293

  • 23 · Secured mortgages and notes payable

    beginning of year $2,438,317 · end of year $2,038,526

  • 25 · Other liabilities

    beginning of year $130,743 · end of year $56,416

  • 27 · Net assets without donor restrictions

    beginning of year $22,103,685 · end of year $21,406,101

  • 28 · Net assets with donor restrictions

    beginning of year $6,598,024 · end of year $6,839,356

Mission and programs · 2022

Mission

AN INDEPENDENT COEDUCATIONAL SCHOOL PRESCHOOL TO 12TH GRADE. OUR ULTIMATE GOAL IS TO TEACH STUDENTS IN ORDER TO PREPARE THEM TO MEET THE DEMANDS AND RESPONSIBILITIES OF THE FUTURE.

Activities or mission (Part I)

TO IDENTIFY AND DEVELOP THE INTELLECTUAL AND CREATIVE TALENTS OF A DIVERSE GROUP OF STUDENTS.

  • PROVIDE QUALITY EDUCATION FOR STUDENTS IN PRIMARY AND SECONDARY EDUCATION SETTINGS (PRESCHOOL TO 12TH GRADE)

    Expenses $15,461,269 · Grants $4,695,556 · Revenue $17,229,500

  • AUXILIARY SERVICES AND PROGRAMS - BOOKSTORE, FOOD SERVICE, SUMMER PROGRAMS, EXTENDED DAY

    Expenses $383,849 · Revenue $433,350

As filed on the 2022 return.

Listed in Part VII

  • Theodore H Dwyer III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Chai Gadde

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Laura Giardina

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Susan Keiser

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Desmond A Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jason Russell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Christopher T Grundner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Diane S Kedash

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • James V McKeon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kenny Mitchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Katherine G Rosenthal

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Scott J Sherr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Stanley R Sykora

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Lisa Lloyd-Washington

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Linda Risk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Barry Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Todd Flubacher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Harry Schiavi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ryan Struthers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rebecca Wasniewski

    HOME AND SCHOOL ASSOCIATION

    Total calculated
    $0
    Hours/week
    5

  • Mark J Anderson

    HEAD OF SCHOOL

    Total calculated
    $431,366
    From this org
    $330,655
    From related orgs
    $0
    Other
    $100,711
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,500
    Bonus
    $0
    Other
    $8,155
    Deferred
    $29,425
    Nontaxable benefits
    $71,286
    Filer's total
    $431,366

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202332799349301718

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.